No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveWorld Bank signs $7 million check for Nicaragua's food crisis

World Bank signs $7 million check for Nicaragua’s food crisis

The World Bank has approved a $7 million grant to Nicaragua to help the country cope with higher food prices, the bank said Friday.

The money will come to Nicaragua via the Food Crisis Response Trust Fund, which the World Bank launched in May, and aims to help two existing programs.

“The first program will ensure that poor children in the most vulnerable areas continue to receive lunch at school, maintaining their intake of nutritive food at a time of crisis and encouraging their continued attendance,” Laura Frigenti, World Bank Director for Central America, said in a statement.

The second, she said, is meant to boost small farms to increase production.

Nicaragua´s food price inflation went from 10.7 percent in January 2006 to 34.2 percent in August 2008. The World Bank said the poor are disproportionately affected by these price hikes, as meager incomes are stretched further to keep the family fed.

Trending Now

Retired Nicaraguan Army Captain Sentenced to 50 Years for Treason

A retired military officer was sentenced to 50 years in prison in Nicaragua for the crime of "treason against the homeland," his family denounced...

Hondurans March to Mark 2009 Coup as Election Battle Heats Up

Thousands of government supporters marched Saturday in the capital of Honduras to commemorate the anniversary of the 2009 coup that ousted then-leftist President Manuel...

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

Costa Rica Court Moves to Lift President Chaves’ Immunity

Costa Rica’s Supreme Court of Justice on Tuesday asked Congress — for the first time in the history of this country with a well-established...

U.S. – Guatemala Security Pact Targets Crime and Helps Returning Migrants

U.S. Secretary of Homeland Security Kristi Noem signed a border security cooperation agreement with Guatemala on Thursday, which includes the use of drones and...

Costa Rica Introduces New ₡500 Coin: Old One No Longer Valid

Visitors to Costa Rica this month should be aware of an important change to the country’s currency. As of Tuesday, July 1, the old...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica